99.8% of people will not be able to afford a Bitcoin

After the Bitcoin Halving Event, ownership of an entire Bitcoin (BTC) is said to be unreachable for 99.8% of the world’s population.

There are 18,249,850 BTC in circulation today, and in the past few weeks a number of Bitcoin influencers have spoken about how much is needed to be included in the “elite circle of Bitcoin owners”. Another expert has now commented on this topic. According to the co-founder of Morgan Creek Digital, Jason Williams, owning a single bitcoin will soon be out of reach for the vast majority of the world’s population.

 

Bitcoin halving event will happen soon

Bitcoin (BTC) will soon bring the bitcoin halving event that is scheduled to take place in May behind. The event, which takes place approximately every four years, halves the range of new BTC that are coming onto the market. According to Williams, the event could make Bitcoin too expensive for the average citizen if the event actually has a price impact similar to the last two Bitcoin Halving events. Accordingly, only 0.02% of the world’s population will be able to afford an entire Bitcoin after the halving event.

Jason A. Williams writes: “In about 200 days (69 days to halve) buying 1 Bitcoin will be beyond the reach of 99.8% of the world population.”

Several influential people in the crypto industry have published very optimistic Bitcoin price forecasts due to the halving. Tim Draper, the founder of Draper Associates, predicts that the Bitcoin Halving event will push the Bitcoin rate to over $ 250,000 by 2023. Despite the volatility of bitcoin, fixed giants in the bitcoin industry are still bullish. Bitcoin is one of the most profitable asset classes on the market in 2020. The BTC has risen 22.92% since the beginning of the year and is now trading at $ 8,900.